DOJ Announces Safe Harbor for Acquirers Who Disclose Pre-Acquisition Misconduct
On October 4, 2023, Deputy Attorney General (DAG) Lisa O. Monaco announced the Department of Justice’s (DOJ) new safe harbor policy for voluntary self-disclosures made in connection with mergers and acquisitions (Safe Harbor Policy).
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Commerce Department Opens First Round of CHIPS Act Funding for Semiconductor Manufacturers
On February 28, 2023, the Commerce Department released the first Notice of Funding Opportunity (“First NOFO”) under the recently enacted CHIPS and Science Act (CHIPS Act), P.L. 117-167. The First NOFO seeks applications for assistance—including direct funding, loans, and loan guarantees—for projects to construct, expand, or modernize commercial semiconductor facilities.
Crowell & Moring Webinar – Government Contracts M&A Series – National Security Issues
Join us for this second webinar in our series aimed at exploring best practices in mergers & acquisitions involving government contractors. In this webinar, we will focus on national security-related issues and risks impacting transactions involving government contractors. Topics will include:
- Due diligence risk areas, including facility and personnel clearances, supply chain security, cybersecurity, export
Executive Order Rescinds TikTok and WeChat Prohibitions But Continues to Focus on Vulnerabilities in the ICTS Supply Chain
On June 9, the President issued an Executive Order on Protecting Americans’ Sensitive Data from Foreign Adversaries (EO 14034), rescinding three executive orders issued in the previous administration that prohibited transactions with the mobile applications TikTok and WeChat and eight other Chinese-developed and -controlled applications. At the same time, the EO makes clear that the